9 Jun 2011
DAVID STEWART HENDERSON V THE COMMISSIONER OF INLAND REVENUE HC AK CIV-2009-404-004351
- Citation
- openlaw-edb01e7e_06af_4bf4_950c_7bd559f97670.pdf
- Court
- High Court
Adjournment denied and adjudication ordered: the court refused to halt the adjudication because of excessive delay (18+ months), significant public interest in prompt resolution and minimizing risk to third parties, prior statutory non-compliance in the first proposal, the slender and disputed margin by which the second proposal purportedly passed, likely further delay and prejudice to creditors; accordingly the court exercised its discretion to adjudicate the debtor bankrupt.